Equity Market
Background Information on the Outstanding Securities of JSC Gazprom Neft:
| Common registered shares, State Registration Number: | 1-01-00146-A of 17.06.2003 |
| Par value per issued share: | 0.0016 RUB |
| Number of issued securities: | 4 741 299 639 units |
| Issue Value: | 7 586 079.4224 RUB |
| Shares are included in Quotation List “B” of the CJSC MICEX and OJSC RTS Stock Exchanges. | |
| Stock Symbol: | SIBN |
Stock Trading Information
JSC Gazprom Neft shares are traded on the main trading floors in Russia: CJSC MICEX, where, as of December 31, 2009, they accounted for 0.8% in the index and OJSC RTS Stock Exchange (0.9%).
The volume of trading in JSC Gazprom Neft shares on the MICEX Exchange totaled 77 bn rubles (2 468 mln USD) in 2009, compared to 56 bn rubles (2 295 mln USD) in 2008. At yearend of 2009 the American Depository Receipts (ADR) issued for JSC Gazprom Neft shares accounted for 0.3% of total trading volume among foreign company ADRs quoted on the London Stock Exchange in the IOB system (641 mln USD).
At year-end 2009 growth in the price of Company shares was recorded: over the year the price increased 170.7% (in RTS Trading) to be quoted at 5.55 USD at yearend. JSC Gazprom Neft capitalization as of 31.12.2009 was 26.31 bn USD. Among the major external factors that positively affected the price of Company shares, the investment community singled out the following:
- recovered oil prices;
- a number of successful M&A transactions;
- positive changes in fiscal policy of governmental authorities regarding oil companies.
Capitalization of JSC Gazprom Neft on the RTS Stock Exchange in 2003-2009
Despite a substantial increase in capitalization in 2009, there exist serious fundamental prerequisites for further growth of the Company’s shareholder value – it is the best “value-added” business among Russian companies in terms of the depth of refining, availability of distribution capacities and plans for further development of the distribution business which, under the current tax regime, create considerable value for the Company. Judging by the commonly accepted market value indicators, JSC Gazprom Neft 2009 was underestimated by the market in comparison both with international oil companies and Russian competitors. All these factors provide a significant competitive edge for the Company, creating a considerable value growth potential in the long-term.
Participation in the American Depository Receipt Program
During 2009 the American and Global Depository Receipt Programs for Company shares traded in the US, UK, German, and other over-the-counter markets was still in operation. One ADR accounts for 5 JSC Gazprom Neft’s common shares. At yearend of 2009, the total number of ADRs issued for common shares was equivalent to 84 mln shares, which is 1.8% of the Company’s authorized capital.
In 2009 Gazprom Neft was the first among Russian companies to start trading its ADRs on the OTCQx. For the Company commencement of trading on OTCQX means further diversification of investors’ pool, enhancement of the Company securities liquidity on international trading floors, as well as increased Company recognition among global investors. During the first trading year on OTCQx JSC Gazprom Neft’s ADR volumes amounted to 62 mln USD. The depository of JSC Gazprom Neft’s receipts is The Bank of New York Mellon, 101 Barclay Street, 22nd Floor, New York, New York, 10286.
Information on JSC Gazprom Neft ADRs:
| Ticker | GZPFY (GAZ, SCF) |
| CUSIP | 36829G107 |
| Ratio | 1 ADR: 5 common shares |
| Effective as of | April 20, 1999 |
| SEDOL | 5109407 |
| ISIN | RU0009062467 |
| Depository Bank | BNY Mellon |
| Closing Price as of 31.12.2008 | 26.85 USD |
| 52 week Max price | 30.00 USD |
| 52 week Min price | 8.42 USD |
| Average monthly trading volume (IOB) | 53 mln. USD |
Changes in the Price of JSC Gazprom Neft ADRs in London and FTSE Russia IOB Index in 2008
Trading Volumes of JSC Gazprom Neft ADRs 2008
